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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
+7.59%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$15.8B
AUM Growth
+$1.16B
Cap. Flow
+$291M
Cap. Flow %
1.84%
Top 10 Hldgs %
23.66%
Holding
992
New
29
Increased
471
Reduced
331
Closed
17

Top Buys

Rank Stock Value
1
T icon
AT&T
T
+$126M
2
BMY icon
Bristol-Myers Squibb
BMY
+$99.7M
3
VZ icon
Verizon
VZ
+$97.5M
4
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$77.6M
5
VST icon
Vistra
VST
+$59.6M

Top Sells

Rank Stock Value
1
PINS icon
Pinterest
PINS
+$83.5M
2
SYK icon
Stryker
SYK
+$45.7M
3
USB icon
US Bancorp
USB
+$43.5M
4
DG icon
Dollar General
DG
+$31.8M
5
V icon
Visa
V
+$31.5M

Sector Composition

Rank Sector Weight
1 Technology 21.72%
2 Healthcare 13.72%
3 Financials 12.03%
4 Consumer Discretionary 9.97%
5 Communication Services 9.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CINF icon
476
Cincinnati Financial
CINF
$26.7B
$3.88M 0.02%
37,641
– –
EWBC icon
477
East-West Bancorp
EWBC
$18.1B
$3.87M 0.02%
52,411
+800
+2% +$54.4K
POOL icon
478
Pool Corp
POOL
$7.27B
$3.87M 0.02%
11,200
– –
HST icon
479
Host Hotels & Resorts
HST
$15.5B
$3.87M 0.02%
229,425
-300
-0.1% -$4.69K
OC icon
480
Owens Corning
OC
$12.2B
$3.87M 0.02%
41,985
-500
-1% -$41.9K
LAD icon
481
Lithia Motors
LAD
$8.35B
$3.86M 0.02%
9,900
+400
+4% +$144K
TDY icon
482
Teledyne Technologies
TDY
$32B
$3.85M 0.02%
9,300
– –
AAL icon
483
American Airlines Group
AAL
$9.93B
$3.84M 0.02%
160,504
+17,800
+12% +$343K
WAB icon
484
Wabtec
WAB
$49.7B
$3.82M 0.02%
48,225
-500
-1% -$38.8K
MPWR icon
485
Monolithic Power Systems
MPWR
$67.9B
$3.81M 0.02%
10,800
-4,609
-30% -$1.68M
INCY icon
486
Incyte
INCY
$24.6B
$3.81M 0.02%
46,904
+100
+0.2% +$8.54K
MKSI icon
487
MKS Inc
MKSI
$19.8B
$3.79M 0.02%
20,440
+400
+2% +$67.2K
HUBB icon
488
Hubbell
HUBB
$26.7B
$3.77M 0.02%
20,159
+400
+2% +$69.2K
RJF icon
489
Raymond James Financial
RJF
$34.5B
$3.77M 0.02%
46,103
+150
+0.3% +$11.2K
OLED icon
490
Universal Display
OLED
$4.16B
$3.76M 0.02%
15,898
+300
+2% +$69.3K
WTRG icon
491
Essential Utilities
WTRG
$11.3B
$3.7M 0.02%
82,693
+1,400
+2% +$63.2K
SMG icon
492
ScottsMiracle-Gro
SMG
$3.63B
$3.69M 0.02%
15,084
+300
+2% +$67.9K
RGEN icon
493
Repligen
RGEN
$9.21B
$3.67M 0.02%
18,877
+500
+3% +$103K
PRAH
494
DELISTED
PRA Health Sciences, Inc.
PRAH
$3.66M 0.02%
23,897
+500
+2% +$67.9K
CABO icon
495
Cable One
CABO
$203M
$3.63M 0.02%
1,984
– –
BBWI icon
496
Bath & Body Works
BBWI
$3.89B
$3.63M 0.02%
72,517
-123
-0.2% -$5.06K
ABMD
497
DELISTED
Abiomed Inc
ABMD
$3.63M 0.02%
11,375
– –
RVTY icon
498
Revvity
RVTY
$12.9B
$3.61M 0.02%
28,170
– –
BXP icon
499
Boston Properties
BXP
$10.8B
$3.6M 0.02%
35,551
-100
-0.3% -$9.75K
DPZ icon
500
Domino's
DPZ
$11.5B
$3.6M 0.02%
9,779
-100
-1% -$36.9K
18 19
20
21 22

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return

State of Michigan Retirement System's Q1 2021 Portfolio in Review

As of Q1 2021, State of Michigan Retirement System held 992 positions worth $15.8B, up 7.9% from $14.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Trading was light in Q1 2021: portfolio turnover was 4.6%. State of Michigan Retirement System opened 29 new positions and exited 17, leaving the 992-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 23% a quarter earlier, followed by Healthcare and Financials.

  • State of Michigan Retirement System's largest Q1 2021 buy was DraftKings: 245,000 shares worth $15M.
  • State of Michigan Retirement System added most to AT&T in Q1 2021, an estimated $126M increase.
  • State of Michigan Retirement System's biggest Q1 2021 reduction was Stryker, cutting an estimated $45.7M.
  • State of Michigan Retirement System fully exited Pinterest in Q1 2021, selling an estimated $83.5M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $15.8B portfolio in Q1 2021.
  • State of Michigan Retirement System opened 29 new positions and closed 17 in Q1 2021.
  • State of Michigan Retirement System's portfolio value rose 7.9% quarter-over-quarter to $15.8B.

Based on State of Michigan Retirement System's 13F filing for Q1 2021, filed 3 May 2021.